Building Details

Building Size 3,440 SF

Year Built 1947

Listing Agency: Fortune Christie's International Real Estate

Listed By: Jamel Patricia Castillo · License #3506113 Show Phone

Source: Silverleafrealtygroup

Added: Jul 15 Changed: Oct 18 Last Checked: Oct 24 at 11:45PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortune Christie's International Real Estate

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Investment Insights

Based on property information with market context.

This for-sale auto shop property is categorized as an automotive and retail commercial asset, suited for buyers seeking an automotive-oriented site. The property listing is provided for Miami-Dade County, Florida.

The address on file is 3420 NW 27th Ave, Miami, FL 33142. No additional building details, unit configuration, or site features are included in the available information.

Interested parties should review the offering materials for full property specifics, including any improvements and operational details relevant to automotive use.

Key Highlights

• Central heating
• Built in 1947
• Automotive property for sale in Miami‑Dade County

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$112,232

Cap Rate

7.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,244,640 $2.2M

Cap Rate 7%

$1,603,314 $1.6M

Cap Rate 9%

$1,247,022 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,440 SF

Gross rent

$178.7K $51.96/SF

− Vacancy

−$18.4K −$5.35/SF

EGI

$160.3K $46.61/SF

− OpEx

−$48.1K −$13.98/SF

NOI

$112.2K $32.63/SF

Area

Miami, FL

Vacancy

10.30%

Lease Rate

$51.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,244,640

Cap Rate 7%

$1,603,314

Cap Rate 9%

$1,247,022

Alternative Uses

Best Use

Retail

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,232 @ 7.0% cap · market cap 7.01%

Second Best

Industrial

$660.2K

$577.7K – $770.3K (±1% cap)

NOI $46,215 @ 7.0% cap · market cap 2.89%

Theoretical Best

Specialty Retail

$2.32M

$2.03M – $2.71M (±1% cap)

NOI $162,542 @ 7.0% cap · market cap 10.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Garage 27 · Wheels ... Interior Design

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Skin Care Clinic Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,242

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 33142, FL

55,425

Population

22,275

Households

2.5

Avg Household Size

39

Median Age

13%

College-Educated

69%

High-School Grad

10.9 sq mi

ZIP Area

5,085

Density / Sq Mi

$37,900

Median Household Income

$29,109

Median Earnings

$1,289

Median Rent

$298,000

Median Home Value

Market

Vacancy Rate% for Retail in Miami, FL

3.5% 2019

4.3% 2020

3.3% 2021

2.9% 2022

3.1% 2023

2% 2024

2.7% 2025

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Similar Off Market Nearby

• Laxson Performance — 3191 Grand Ave, Miami, FL 33133
• AutoMov — Merrick Way, 3015 Grand Ave, Coconut Grove, FL 33133
• Paradigm Shift Southeast — 3109 Grand Ave #446, Coconut Grove, FL 33133
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• MDQ Service Corporation — Miami, FL 33133

Frequently Asked Questions

What type of property is this?

Auto shop - Automotive property offered for sale in Miami-Dade County.

Where is this auto shop located?

The property is located at 3420 NW 27th Avenue Miami, FL.

What is the asking price?

The asking price for this property is $1,599,999.

What are key features of this property?

This property features: Central heating; Built in 1947; Automotive property for sale in Miami‑Dade County